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And with that, we share with you this from an Encyclopedia:

caveat emptor

(Latin: "let the buyer beware"), in the law of commercial transactions, principle that the buyer purchases at his own risk in the absence of an express warranty in the contract.

Legal Dictionary

Main Entry: caveat empทtor
Pronunciation: -'emp-t&r, -"tor
Function: noun
Etymology: New Latin, may the buyer beware
: a principle in commercial transactions: without a warranty the buyer takes the risk as
to the condition of the property or goods —compare products liability at LIABILITY 2b,

WARRANTY
Merriam-Webster's Dictionary of Law, ฉ 1996 Merriam-Webster, Inc.

Cultural Dictionary

Caveat emptor [(kav-ee-aht, kah-vee-aht emp-tawr)]

Latin for “Let the buyer beware.” It means that a customer should be cautious and alert to the possibility of being cheated: “Caveat emptor is the first rule of buying a used car.”

The American Heritageฎ New Dictionary of Cultural Literacy, Third Edition
Copyright ฉ 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.

n.  The axiom or principle in commerce that the buyer alone is responsible for assessing the quality of a purchase before buying.

[From Latin caveat emptor, let the buyer beware : caveat, third person sing. present

subjunctive of cavere, to beware + emptor, buyer.]
The American Heritageฎ Dictionary of the English Language, Fourth Edition
Copyright ฉ 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.


–noun
let the buyer beware: the principle that the seller of a product cannot be held

responsible for its quality unless it is guaranteed in a warranty.
Origin:
1515–25; < L
Dictionary.com Unabridged
Based on the Random House Dictionary, ฉ Random House, Inc. 2009.
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